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2023
Flag → Flag
Exports $677MRnk 62 / 216
2023
Flag → Flag
Top Product $139MCars
2023
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Exports $127MRnk 23 / 137
2023
Flag → Flag
Top Product $46.3MGold
2023
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Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
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Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
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GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
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GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
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 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
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GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

United Arab Emirates-Azerbaijan Trade: In 2023, United Arab Emirates exported $677M to Azerbaijan. The main products that United Arab Emirates exported to Azerbaijan were Cars ($139M), Air Pumps ($37.3M), and Halogenated Hydrocarbons ($34.7M). Over the past 5 years the exports of United Arab Emirates to Azerbaijan have increased at an annualized rate of 41.9%, from $118M in 2018 to $677M in 2023.

In 2023, United Arab Emirates did not export any services to Azerbaijan.

Azerbaijan-United Arab Emirates Trade: In 2023, Azerbaijan exported $127M to United Arab Emirates. The main products that Azerbaijan exported to United Arab Emirates were Gold ($46.3M), Cars ($44.1M), and Tractors ($7.37M). Over the past 5 years the exports of Azerbaijan to United Arab Emirates have increased at an annualized rate of 40.2%,  from $23.4M in 2018 to $127M in 2023.

In 2008, Azerbaijan exported services to United Arab Emirates worth $162M, with Transportation ($115M), Construction services ($31.6M), and Services not allocated ($14.1M) being the largest in terms of value.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Arab Emirates exported $677M to Azerbaijan. The main products exported from United Arab Emirates to Azerbaijan were Cars ($139M), Air Pumps ($37.3M), and Halogenated Hydrocarbons ($34.7M). During the last 5 years the exports of United Arab Emirates to Azerbaijan have increased at an annualized rate of 41.9%, from $118M in 2018 to $677M in 2023.

In 2018, Azerbaijan exported $127M to United Arab Emirates. The main products exported from Azerbaijan to United Arab Emirates were Gold ($46.3M), Cars ($44.1M), and Tractors ($7.37M). During the last 5 years the exports of Azerbaijan to United Arab Emirates have increased at an annualized rate of 40.2%, from $23.4M in 2023 to $127M in 2018.

Exports from United Arab Emirates (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Azerbaijan (Flag)

United Arab Emirates Exports

Azerbaijan Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Azerbaijan
Top DestinationItaly$11.4B

This map shows whether countries import more from United Arab Emirates or Azerbaijan. Each country is colored based on the difference in imports they receive from United Arab Emirates and Azerbaijan or the difference in the growth in imports.

In 2023, countries that imported more from United Arab Emirates than Azerbaijan included China ($40.2B), Japan ($37.4B), and India ($38.2B).

In 2023, countries that imported more from Azerbaijan than United Arab Emirates included Italy ($11.4B), Greece ($1.27B), and Czechia ($1B).

Difference in imports from Azerbaijan (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Azerbaijan

Flow
Scale

This chart compares trade between United Arab Emirates and Azerbaijan by product, considering products traded by both, United Arab Emirates and Azerbaijan.

During 2023, United Arab Emirates had a large net trade with Azerbaijan in the exports of Transportation ($212M), Machines ($180M), and Chemical Products ($107M).

During 2018, Azerbaijan had a large net trade with United Arab Emirates in the exports of Transportation ($51.5M), Precious Metals ($47.3M), and Metals ($7.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Azerbaijan+$11.2MCars
Top Product Potential Azerbaijan United Arab Emirates+$20.5MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Azerbaijan. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Azerbaijan (Flag) (2023)

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